BetaShares ETFs gain $70m in first month
SYDNEY, 17 January 2011: BetaShares Capital Limited (BetaShares) today announced its initial two ETFs have reached more than $70 million in assets under management in their first month of trading, making it one of the most successful ETF debuts on the Australian Securities Exchange. BetaShares intends to add to its product offering over 2011, with Australia’s first currency ETF on track for launch in the coming weeks.
Listed on 15 December 2010, BetaShares two initial ETFs are as follows:
– BetaShares Financials Sector ETF (ASX Code: QFN) – tracks the performance of the S&P/ASX 200 Financials Index (excluding Property Trusts)
– BetaShares Resources Sector ETF (ASX Code: QRE) – tracks the performance of the S&P/ASX 200 Resources Index
See Press Release for more information